So I saw this on Big Think and drifted in and out, but a few key points brought up questions.

So, they pace of technology is certainly increasing exponentially. Jobs that we laughingly dismissed as one day being automated... are now actually becoming automated. The cashier is now a self-checkout machine. Some restaurants have soda dispensers for your drinks and screens where you punch in your order, reducing the needed staff to simply cooks (which will also most likely become eventually automated (a perfect medium-well steak every time!)). Human beings will never be able to match the efficiency of machines. Machines don't need rest, lunch breaks, maternity leave, vacations, or an hourly wage.

And here in the US, we consider a high unemployment rate to be an indication of a bad economy. Well what happens when there are simply too many people and no need for human employment? Since our existence is seemingly based on currency, what can we do to feed and house ourselves? Do we sit back in comfort, finally achieving a stage in human existence where employment is an unnecessary endeavor? Do we collect a monthly government allowance? Will we all be confined to do impossible-to-automate type jobs; like art, music, sports, and creativity-intensive activities?

"Ain't got no last words to say, yellow streak right up my spine. The gun in my mouth was real and the taste blew my mind."

"We see you cry. We turn your head. Then we slap your face. We see you try. We see you fail. Some things never change."

RE: What happens to a capitalist country when the jobs become automated?

Didn't watch the video, I'll watch it later.

BUT on the topic, the same as when people in history have always been replaced by machines.
The people will have a whine about it but eventually those people will be redistributed into different jobs.
Overall the work force will get higher skilled, more specialized and thus higher wages.

Take mining for example. Back in the day mining was done by hand with pickaxe.
As technology grew those men were put out of jobs, BUT higher skilled jobs were required to operate the new heavy machinery. Today mining is a well paid job, certainly in Australia at the moment you'll often be earning the same as a doctor back here. Why? Because the jobs required have become fewer, but are far more specialized and higher tech.
Look at the Alaskan oil fields, the skill and training required to drive one of those massive dump trucks is astounding.
Mining industry on the whole has gone from really really shit work, to much higher skill required and as such, higher wages.
The same with almost every other industry.
Like sure grocery stores are becoming more automated with those self-check-outs, but people are still required to fix them. People are required to build them. To install them. All higher tech jobs then cashier.

It all comes back to that basic principle of efficiency of resources.
A country has a limited amount of work force and so you want that work force in as higher skilled jobs as possible. This is the basic principle that has gotten the West to where the West is today. Through globalization the private market has been able to become on the whole much more efficient in the way it distributes the workforce. That is to say that the workforce on the whole has become more skilled and have higher wages.

The downside of course is that initially you do have that loss of job. BUT give it time and that evens out but this time with the benefit of slightly more efficient workforce each time.

RE: What happens to a capitalist country when the jobs become automated?

New technologies that replace people, make the end product/service cheaper.
-It's fine if people are "poorer", because the end products/services are cheaper. That is unless if the capital owners (rich evil executives) keep the prices the same, and keep all the profits. We do see this in reality though, where worker productivity has exploded, but their wages have not only stagnated for decades, but have gone down.

-New products/services open up new jobs, and careers. The workers will need to change their skill set, which may be fine for the next generation, but the current one would lag behind a bit and suffer.